Philip Morris International Inc. (NYSE:PM) Holdings Raised by TD Private Client Wealth LLC

TD Private Client Wealth LLC raised its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 1.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 114,036 shares of the company's stock after buying an additional 1,876 shares during the period. TD Private Client Wealth LLC's holdings in Philip Morris International were worth $18,101,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in PM. Capital Advisors Inc. OK boosted its holdings in Philip Morris International by 3.1% in the first quarter. Capital Advisors Inc. OK now owns 7,126 shares of the company's stock worth $1,131,000 after purchasing an additional 216 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Philip Morris International by 3.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 5,719,832 shares of the company's stock worth $907,909,000 after buying an additional 181,973 shares in the last quarter. Hendley & Co. Inc. lifted its position in shares of Philip Morris International by 6.1% in the 1st quarter. Hendley & Co. Inc. now owns 13,825 shares of the company's stock worth $2,194,000 after purchasing an additional 800 shares during the period. Traveka Wealth LLC lifted its position in Philip Morris International by 17.9% during the first quarter. Traveka Wealth LLC now owns 2,101 shares of the company's stock valued at $333,000 after acquiring an additional 319 shares during the last quarter. Finally, Cloud Capital Management LLC purchased a new stake in Philip Morris International during the first quarter valued at approximately $130,000. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Needham & Company LLC assumed coverage on shares of Philip Morris International in a report on Thursday, May 22nd. They issued a "buy" rating for the company. Wall Street Zen upgraded shares of Philip Morris International from a "hold" rating to a "buy" rating in a research note on Saturday, June 21st. Citigroup increased their price objective on shares of Philip Morris International from $163.00 to $180.00 and gave the stock a "buy" rating in a research note on Wednesday, April 16th. Barclays reiterated an "overweight" rating and issued a $220.00 price objective (up previously from $205.00) on shares of Philip Morris International in a research note on Friday, June 13th. Finally, Stifel Nicolaus increased their price objective on shares of Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a research note on Thursday, April 24th. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $176.80.

Philip Morris International Stock Performance

Philip Morris International stock traded down $3.54 during trading hours on Tuesday, reaching $177.66. 4,175,208 shares of the stock were exchanged, compared to its average volume of 5,631,143. The stock has a market cap of $276.53 billion, a P/E ratio of 36.63, a P/E/G ratio of 2.59 and a beta of 0.51. Philip Morris International Inc. has a 52-week low of $101.62 and a 52-week high of $186.69. The firm's 50 day moving average is $177.38 and its 200 day moving average is $155.43.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, beating analysts' consensus estimates of $1.61 by $0.08. Philip Morris International had a net margin of 8.43% and a negative return on equity of 122.40%. The firm had revenue of $9.30 billion for the quarter, compared to analysts' expectations of $9.10 billion. During the same period in the prior year, the company earned $1.50 EPS. The firm's revenue was up 5.8% on a year-over-year basis. Equities research analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 27th will be paid a $1.35 dividend. The ex-dividend date is Friday, June 27th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.04%. Philip Morris International's dividend payout ratio (DPR) is presently 111.34%.

About Philip Morris International

Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.